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Posted: Monday, March 12, 2018 9:03 AM


4 Duplexes (8 Units)
1560sqft Total Each Unit
Built: 1962-1964
Acres: 0.64 acres

Great rental opportunity in NW Fayetteville. Properties are all side by side located on a very quiet street. All have been individually metered, tenants responsible for utilities, and most units have been updated and are rent ready. Properties are currently 50% occupied.

Most are in good condition, one building will need a new roof including sheeting and rehab work inside. A few other units will need minor repairs, approx $25K total to get rent ready. There is a great contractor and management company already working on the properties, and could continue after purchase.

Gross Income: $48,000.00/yr over 14% CAP Rate! Destroys your 1% rule.
Market Rents: $500/mo per unit.
current rents are $350, $414, $500, & $500 the rest are vacant.

Your Price: $175,000.00 o.b.o

This deal will not last long, which is great because we are on a tight closing schedule with this one. Serious buyers only, we'll need to move quick to closing. Agents add your fee on top of purchase price.

Call or email for full address... Do your own Due Diligence...

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• Location: Fayetteville, Fayetteville (28303)

• Post ID: 60829382 fayettevillenc is an interactive computer service that enables access by multiple users and should not be treated as the publisher or speaker of any information provided by another information content provider. © 2018